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Answer in One Sentence Only. How Would You Adjust Retiring Partner’S Share of Goodwill Without Opening Goodwill Account? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.
How would you adjust retiring partner’s share of goodwill without opening goodwill account?

एक पंक्ति में उत्तर
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उत्तर

The retiring partner is paid his share of goodwill by debiting the Remaining Partners’ Capital Accounts in their gaining ratio and crediting the Retiring Partner’s Capital Account with the amount of premium.

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अध्याय 4: Reconstitution of Partnership (Retirement of Partnership) - Exercise 1 [पृष्ठ १२७]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 4 Reconstitution of Partnership (Retirement of Partnership)
Exercise 1 | Q 5 | पृष्ठ १२७
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